-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WalGK2BaJHEn4mCq01HGaVGpbgukXjisIq9JHGPNW0cxtsOe8/SMAj1kK+nDhPCD t3gtpfOTZs4QN1KbBjagNA== 0001056404-03-001552.txt : 20030908 0001056404-03-001552.hdr.sgml : 20030908 20030905182515 ACCESSION NUMBER: 0001056404-03-001552 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030825 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030908 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2003-BC5 CENTRAL INDEX KEY: 0001238023 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-102489-14 FILM NUMBER: 03884709 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sai03bc5.txt AUGUST 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 25, 2003 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-102489-14 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On August 25, 2003 a distribution was made to holders of STRUCTURED ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-BC5 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-BC5 Trust, relating to the August 25, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC5 Trust By: Wells Fargo Bank Minnesota, N.A., as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/5/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-BC5 Trust, relating to the August 25, 2003 distribution. EX-99.1
Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/25/03 SAIL Series: 2003-BC5 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1A1 86358EBS4 SEN 1.22000% 317,980,455.05 334,056.13 11,893,498.88 1A2 86358EBT2 SEN 1.92000% 253,014,000.00 404,822.40 0.00 2A 86358EBU9 SEN 1.44000% 300,863,619.29 373,070.89 5,810,179.02 AIO 86358EBV7 IO 6.00000% 0.00 1,749,390.00 0.00 M1 86358EBW5 MEZ 1.85000% 46,120,000.00 73,471.72 0.00 M2A 86358EBX3 MEZ 2.89000% 30,000,000.00 74,658.33 0.00 M2B 86358ECC8 MEZ 3.00000% 15,060,000.00 38,905.00 0.00 M3 86358EBY1 MEZ 3.35000% 15,904,000.00 45,878.62 0.00 M4 86358EBZ8 MEZ 4.10000% 13,253,000.00 46,790.45 0.00 M5 86358ECA2 MEZ 4.60000% 13,253,000.00 52,496.61 0.00 B 86358ECB0 SEN 4.60000% 7,422,000.00 29,399.37 0.00 X SAI03BC5X SEN 0.00000% 7,420,782.32 3,083,773.04 0.00 P SAI03BC5P SEN 0.00000% 100.00 307,551.23 0.00 R1 SAI03B5R1 SEN 0.00000% 0.00 0.00 0.00 R2 SAI03B5R2 SEN 0.00000% 0.00 0.00 0.00 R3 SAI03B5R3 SEN 0.00000% 0.00 0.00 0.00 R4 SEN 0.00000% 0.00 0.00 0.00 Totals 1,020,290,956.66 6,614,263.79 17,703,677.90
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1A1 0.00 306,086,956.17 12,227,555.01 0.00 1A2 0.00 253,014,000.00 404,822.40 0.00 2A 0.00 295,053,440.27 6,183,249.91 0.00 AIO 0.00 0.00 1,749,390.00 0.00 M1 0.00 46,120,000.00 73,471.72 0.00 M2A 0.00 30,000,000.00 74,658.33 0.00 M2B 0.00 15,060,000.00 38,905.00 0.00 M3 0.00 15,904,000.00 45,878.62 0.00 M4 0.00 13,253,000.00 46,790.45 0.00 M5 0.00 13,253,000.00 52,496.61 0.00 B 0.00 7,422,000.00 29,399.37 0.00 X 0.00 7,420,782.32 3,083,773.04 0.00 P 0.00 100.00 307,551.23 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 Totals 0.00 1,002,587,278.76 24,317,941.69 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1A1 346,631,000.00 317,980,455.05 0.00 11,893,498.88 0.00 0.00 1A2 253,014,000.00 253,014,000.00 0.00 0.00 0.00 0.00 2A 312,159,000.00 300,863,619.29 0.00 5,810,179.02 0.00 0.00 AIO 0.00 0.00 0.00 0.00 0.00 0.00 M1 46,120,000.00 46,120,000.00 0.00 0.00 0.00 0.00 M2A 30,000,000.00 30,000,000.00 0.00 0.00 0.00 0.00 M2B 15,060,000.00 15,060,000.00 0.00 0.00 0.00 0.00 M3 15,904,000.00 15,904,000.00 0.00 0.00 0.00 0.00 M4 13,253,000.00 13,253,000.00 0.00 0.00 0.00 0.00 M5 13,253,000.00 13,253,000.00 0.00 0.00 0.00 0.00 B 7,422,000.00 7,422,000.00 0.00 0.00 0.00 0.00 X 7,420,782.32 7,420,782.32 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,060,236,882.32 1,020,290,956.66 0.00 17,703,677.90 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1A1 11,893,498.88 306,086,956.17 0.88303399 11,893,498.88 1A2 0.00 253,014,000.00 1.00000000 0.00 2A 5,810,179.02 295,053,440.27 0.94520241 5,810,179.02 AIO 0.00 0.00 0.00000000 0.00 M1 0.00 46,120,000.00 1.00000000 0.00 M2A 0.00 30,000,000.00 1.00000000 0.00 M2B 0.00 15,060,000.00 1.00000000 0.00 M3 0.00 15,904,000.00 1.00000000 0.00 M4 0.00 13,253,000.00 1.00000000 0.00 M5 0.00 13,253,000.00 1.00000000 0.00 B 0.00 7,422,000.00 1.00000000 0.00 X 0.00 7,420,782.32 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 R3 0.00 0.00 0.00000000 0.00 R4 0.00 0.00 0.00000000 0.00 Totals 17,703,677.90 1,002,587,278.76 0.94562573 17,703,677.90
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A1 346,631,000.00 917.34569340 0.00000000 34.31169999 0.00000000 1A2 253,014,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A 312,159,000.00 963.81529698 0.00000000 18.61288324 0.00000000 AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 46,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2A 30,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2B 15,060,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 15,904,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 13,253,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 13,253,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 7,422,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 7,420,782.32 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are Per $1,000 Denominations
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1A1 0.00000000 34.31169999 883.03399341 0.88303399 34.31169999 1A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A 0.00000000 18.61288324 945.20241374 0.94520241 18.61288324 AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2A 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1A1 346,631,000.00 1.22000% 317,980,455.05 334,056.13 0.00 0.00 1A2 253,014,000.00 1.92000% 253,014,000.00 404,822.40 0.00 0.00 2A 312,159,000.00 1.44000% 300,863,619.29 373,070.89 0.00 0.00 AIO 0.00 6.00000% 349,878,000.00 1,749,390.00 0.00 0.00 M1 46,120,000.00 1.85000% 46,120,000.00 73,471.72 0.00 0.00 M2A 30,000,000.00 2.89000% 30,000,000.00 74,658.33 0.00 0.00 M2B 15,060,000.00 3.00000% 15,060,000.00 38,905.00 0.00 0.00 M3 15,904,000.00 3.35000% 15,904,000.00 45,878.62 0.00 0.00 M4 13,253,000.00 4.10000% 13,253,000.00 46,790.45 0.00 0.00 M5 13,253,000.00 4.60000% 13,253,000.00 52,496.61 0.00 0.00 B 7,422,000.00 4.60000% 7,422,000.00 29,399.37 0.00 0.00 X 7,420,782.32 0.00000% 7,420,782.32 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 R3 0.00 0.00000% 0.00 0.00 0.00 0.00 R4 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,060,236,882.32 3,222,939.52 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1A1 0.00 0.00 334,056.13 0.00 306,086,956.17 1A2 0.00 0.00 404,822.40 0.00 253,014,000.00 2A 0.00 0.00 373,070.89 0.00 295,053,440.27 AIO 0.00 0.00 1,749,390.00 0.00 349,878,000.00 M1 0.00 0.00 73,471.72 0.00 46,120,000.00 M2A 0.00 0.00 74,658.33 0.00 30,000,000.00 M2B 0.00 0.00 38,905.00 0.00 15,060,000.00 M3 0.00 0.00 45,878.62 0.00 15,904,000.00 M4 0.00 0.00 46,790.45 0.00 13,253,000.00 M5 0.00 0.00 52,496.61 0.00 13,253,000.00 B 0.00 0.00 29,399.37 0.00 7,422,000.00 X 0.00 0.00 3,083,773.04 0.00 7,420,782.32 P 0.00 0.00 307,551.23 0.00 100.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 R4 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 6,614,263.79 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall 1A1 346,631,000.00 1.22000% 917.34569340 0.96372260 0.00000000 0.00000000 1A2 253,014,000.00 1.92000% 1000.00000000 1.60000000 0.00000000 0.00000000 2A 312,159,000.00 1.44000% 963.81529698 1.19513097 0.00000000 0.00000000 AIO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 M1 46,120,000.00 1.85000% 1000.00000000 1.59305551 0.00000000 0.00000000 M2A 30,000,000.00 2.89000% 1000.00000000 2.48861100 0.00000000 0.00000000 M2B 15,060,000.00 3.00000% 1000.00000000 2.58333333 0.00000000 0.00000000 M3 15,904,000.00 3.35000% 1000.00000000 2.88472208 0.00000000 0.00000000 M4 13,253,000.00 4.10000% 1000.00000000 3.53055535 0.00000000 0.00000000 M5 13,253,000.00 4.60000% 1000.00000000 3.96111145 0.00000000 0.00000000 B 7,422,000.00 4.60000% 1000.00000000 3.96111156 0.00000000 0.00000000 X 7,420,782.32 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denominations
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1A1 0.00000000 0.00000000 0.96372260 0.00000000 883.03399341 1A2 0.00000000 0.00000000 1.60000000 0.00000000 1000.00000000 2A 0.00000000 0.00000000 1.19513097 0.00000000 945.20241374 AIO 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.59305551 0.00000000 1000.00000000 M2A 0.00000000 0.00000000 2.48861100 0.00000000 1000.00000000 M2B 0.00000000 0.00000000 2.58333333 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.88472208 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.53055535 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.96111145 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.96111156 0.00000000 1000.00000000 X 0.00000000 0.00000000 415.55902155 0.00000000 1000.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 24,981,548.86 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 24,981,548.86 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 663,607.17 Payment of Interest and Principal 24,317,941.69 Total Withdrawals (Pool Distribution Amount) 24,981,548.86 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 425,121.21 Credit Risk Management Fee 12,753.64 PMI Insurance Premium Fee 221,481.03 Trustee Fee 4,251.29 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 663,607.17
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00 Financial Guaranty 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 4 0 0 4 471,353.96 0.00 0.00 471,353.96 30 Days 104 0 0 0 104 12,777,277.19 0.00 0.00 0.00 12,777,277.19 60 Days 25 4 9 0 38 3,345,460.50 301,057.34 1,141,127.05 0.00 4,787,644.89 90 Days 2 1 16 0 19 113,000.00 29,977.30 2,389,795.78 0.00 2,532,773.08 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 1 0 0 0 1 132,300.00 0.00 0.00 0.00 132,300.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 132 9 25 0 166 16,368,037.69 802,388.60 3,530,922.83 0.00 20,701,349.12 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.058420% 0.000000% 0.000000% 0.058420% 0.046981% 0.000000% 0.000000% 0.046981% 30 Days 1.518913% 0.000000% 0.000000% 0.000000% 1.518913% 1.273537% 0.000000% 0.000000% 0.000000% 1.273537% 60 Days 0.365123% 0.058420% 0.131444% 0.000000% 0.554988% 0.333449% 0.030007% 0.113738% 0.000000% 0.477194% 90 Days 0.029210% 0.014605% 0.233679% 0.000000% 0.277494% 0.011263% 0.002988% 0.238196% 0.000000% 0.252447% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.014605% 0.000000% 0.000000% 0.000000% 0.014605% 0.013187% 0.000000% 0.000000% 0.000000% 0.013187% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.927852% 0.131444% 0.365123% 0.000000% 2.424419% 1.631435% 0.079976% 0.351934% 0.000000% 2.063345%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 2 0 0 2 302,694.47 0.00 0.00 302,694.47 30 Days 10 0 0 0 10 646,787.35 0.00 0.00 0.00 646,787.35 60 Days 1 1 0 0 2 115,235.85 41,460.05 0.00 0.00 156,695.90 90 Days 1 0 3 0 4 26,000.00 0.00 154,157.25 0.00 180,157.25 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 3 3 0 18 788,023.20 344,154.52 154,157.25 0.00 1,286,334.97 0-29 Days 0.223714% 0.000000% 0.000000% 0.223714% 0.331007% 0.000000% 0.000000% 0.331007% 30 Days 1.118568% 0.000000% 0.000000% 0.000000% 1.118568% 0.707286% 0.000000% 0.000000% 0.000000% 0.707286% 60 Days 0.111857% 0.111857% 0.000000% 0.000000% 0.223714% 0.126015% 0.045338% 0.000000% 0.000000% 0.171353% 90 Days 0.111857% 0.000000% 0.335570% 0.000000% 0.447427% 0.028432% 0.000000% 0.168577% 0.000000% 0.197009% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.342282% 0.335570% 0.335570% 0.000000% 2.013423% 0.861732% 0.376346% 0.168577% 0.000000% 1.406654% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 2 0 0 2 168,659.49 0.00 0.00 168,659.49 30 Days 71 0 0 0 71 9,352,950.79 0.00 0.00 0.00 9,352,950.79 60 Days 10 2 8 0 20 1,591,654.86 182,294.15 1,035,806.19 0.00 2,809,755.20 90 Days 0 1 10 0 11 0.00 29,977.30 1,549,690.64 0.00 1,579,667.94 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 81 5 18 0 104 10,944,605.65 380,930.94 2,585,496.83 0.00 13,911,033.42 0-29 Days 0.049591% 0.000000% 0.000000% 0.049591% 0.029814% 0.000000% 0.000000% 0.029814% 30 Days 1.760476% 0.000000% 0.000000% 0.000000% 1.760476% 1.653302% 0.000000% 0.000000% 0.000000% 1.653302% 60 Days 0.247954% 0.049591% 0.198364% 0.000000% 0.495909% 0.281354% 0.032224% 0.183097% 0.000000% 0.496675% 90 Days 0.000000% 0.024795% 0.247954% 0.000000% 0.272750% 0.000000% 0.005299% 0.273936% 0.000000% 0.279235% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.008430% 0.123977% 0.446318% 0.000000% 2.578726% 1.934655% 0.067336% 0.457033% 0.000000% 2.459025% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 9 0 0 0 9 504,190.64 0.00 0.00 0.00 504,190.64 60 Days 6 0 1 0 7 446,079.67 0.00 105,320.86 0.00 551,400.53 90 Days 1 0 0 0 1 87,000.00 0.00 0.00 0.00 87,000.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 16 0 1 0 17 1,037,270.31 0.00 105,320.86 0.00 1,142,591.17 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.937500% 0.000000% 0.000000% 0.000000% 0.937500% 0.374361% 0.000000% 0.000000% 0.000000% 0.374361% 60 Days 0.625000% 0.000000% 0.104167% 0.000000% 0.729167% 0.331214% 0.000000% 0.078201% 0.000000% 0.409414% 90 Days 0.104167% 0.000000% 0.000000% 0.000000% 0.104167% 0.064597% 0.000000% 0.000000% 0.000000% 0.064597% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.666667% 0.000000% 0.104167% 0.000000% 1.770833% 0.770172% 0.000000% 0.078201% 0.000000% 0.848372% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 14 0 0 0 14 2,273,348.41 0.00 0.00 0.00 2,273,348.41 60 Days 8 1 0 0 9 1,192,490.12 77,303.14 0.00 0.00 1,269,793.26 90 Days 0 0 3 0 3 0.00 0.00 685,947.89 0.00 685,947.89 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 1 0 0 0 1 132,300.00 0.00 0.00 0.00 132,300.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 23 1 3 0 27 3,598,138.53 77,303.14 685,947.89 0.00 4,361,389.56 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.458333% 0.000000% 0.000000% 0.000000% 1.458333% 1.075122% 0.000000% 0.000000% 0.000000% 1.075122% 60 Days 0.833333% 0.104167% 0.000000% 0.000000% 0.937500% 0.563958% 0.036559% 0.000000% 0.000000% 0.600516% 90 Days 0.000000% 0.000000% 0.312500% 0.000000% 0.312500% 0.000000% 0.000000% 0.324401% 0.000000% 0.324401% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.104167% 0.000000% 0.000000% 0.000000% 0.104167% 0.062568% 0.000000% 0.000000% 0.000000% 0.062568% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.395833% 0.104167% 0.312500% 0.000000% 2.812500% 1.701647% 0.036559% 0.324401% 0.000000% 2.062607%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.198841% Weighted Average Net Coupon 7.698841% Weighted Average Pass-Through Rate 7.433349% Weighted Average Maturity(Stepdown Calculation ) 341 Beginning Scheduled Collateral Loan Count 6,954 Number Of Loans Paid In Full 107 Ending Scheduled Collateral Loan Count 6,847 Beginning Scheduled Collateral Balance 1,020,290,956.66 Ending Scheduled Collateral Balance 1,002,587,278.76 Ending Actual Collateral Balance at 31-Jul-2003 1,003,290,635.77 Monthly P &I Constant 7,750,640.52 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,002,587,278.76 Scheduled Principal 779,638.15 Unscheduled Principal 16,924,039.75
Miscellaneous Reporting Monthly Excess Cashflows 3,083,773.04 Overcollateralization Amount 7,420,882.32 Overcollateralization Deficiency 0.00 Aggregate Overcollateralization Release 0.00 Targeted Overcollateralization Amount 7,420,882.32 Cap payment 0.00
Group Level Collateral Statement Group 1 2 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 8.076120 8.501685 7.505068 Weighted Average Net Rate 7.576120 8.001685 7.005068 Weighted Average Maturity 344 344 334 Beginning Loan Count 908 4,101 973 Loans Paid In Full 14 68 13 Ending Loan Count 894 4,033 960 Beginning Scheduled Balance 92,771,131.71 575,840,043.33 137,542,731.50 Ending scheduled Balance 91,358,412.38 565,359,263.78 134,565,018.66 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 727,418.27 4,460,559.85 999,093.89 Scheduled Principal 103,059.28 380,884.24 138,870.92 Unscheduled Principal 1,309,660.05 10,099,895.31 2,838,841.92 Scheduled Interest 624,358.99 4,079,675.61 860,222.97 Servicing Fees 38,654.64 239,933.34 57,309.46 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 386.56 2,399.38 573.10 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 7,691.70 119,827.15 14,504.34 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 577,626.09 3,717,515.74 787,836.07 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.471628 7.746976 6.873524
Group Level Collateral Statement Group 4 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.883240 8.198841 Weighted Average Net Rate 7.383240 7.698841 Weighted Average Maturity 334 341 Beginning Loan Count 972 6,954 Loans Paid In Full 12 107 Ending Loan Count 960 6,847 Beginning Scheduled Balance 214,137,050.12 1,020,290,956.66 Ending scheduled Balance 211,304,583.94 1,002,587,278.76 Record Date 07/31/2003 07/31/2003 Principal And Interest Constant 1,563,568.51 7,750,640.52 Scheduled Principal 156,823.71 779,638.15 Unscheduled Principal 2,675,642.47 16,924,039.75 Scheduled Interest 1,406,744.80 6,971,002.37 Servicing Fees 89,223.77 425,121.21 Master Servicing Fees 0.00 0.00 Trustee Fee 892.25 4,251.29 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 79,457.84 221,481.03 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 1,237,170.94 6,320,148.84 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.932967 7.433349
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